Auto Trader Group (OTCMKTS:ATDRY) Sees Large Drop in Short Interest

Auto Trader Group (OTCMKTS:ATDRY) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,940 shares, a decline of 93.6% from the June 30th total of 77,483 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 726,535 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ATDRY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Auto Trader Group in a research note on Friday, July 17th. Barclays downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group began coverage on Auto Trader Group in a report on Thursday, June 4th. They issued a “buy” rating on the stock. Finally, Citigroup cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Auto Trader Group Stock Up 1.3%

ATDRY stock opened at $1.57 on Friday. The firm’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.63. The company has a quick ratio of 1.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.40. Auto Trader Group has a 12 month low of $1.37 and a 12 month high of $2.80.

Auto Trader Group Company Profile

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.